Indian equities were trading in a narrow range even as Asian stock markets slipped lower taking signals from feeble US economic facts and public unrest worries in Libya and Saudi Arabia.

In the meantime, January's IIP data were above market anticipations.

India's Industrial Output arose at 3.7% as compared to 2.5% during December.

At 11:10 am, the 30-share index BSE Sensex stood at 18308.19 after shedding 19.79 points. The Sensex hit an intraday low of 18200.97 and an intraday high of 18200.97.

National Stock Exchange's Nifty remained at 5485.75 after losing 8.65 points. It hit an intraday low of 5450.60 and an intraday high of 5502.70.

IIFL report stated, "Nifty is trading above the 20DMA at 5445, and a weekly close above it will continue the short-term uptrend. It is expected to consolidate between 5400-5650 in the near-term. We advise to wait out the near-term consolidation before a strong breakout is achieved. In case of break below 5400 on a closing basis, the index will enter a downtrend and look for a test of 5200."

"BSE Realty index has made a higher high for the second consecutive week signaling a short-term uptrend for a target of 2200-2250," IIFL report added.

The BSE Midcap Index surged 0.16% and the BSE Smallcap Index remained up by 0.08%.

Amongst the sectoral indices, BSE Metal Index declined 0.91%, BSE IT Index dropped 0.64% and BSE Power Index slipped0.20%.

BSE Realty Index advanced 1.10% and BSE FMCG Index surged 0.89%.

The gainers list comprised ONGC, ITC, Tata Power, HUL and DLF.